SMDC to venture into ‘lot only’ biz

With the growing demand from overseas Filipino workers (OFWs) to buy parcel of land to build their own houses, condominium builder SM Development Corporation (SMDC) will be launching a “lot only” product line.

SMDC president Jose Mari Banzon said this new product line of the company will be located in Pampanga, Tarlac, Cagayan de Oro, Davao and Bacolod.

“We will be selling the afford- able ones... You cannot find properties in Metro Manila. For that, you have to go outside,” he told reporters on the sidelines of SM Prime Holdings, Inc. in Pasay City on Wednesday.

Banzon said the company wants to tap the “big opportunity” in selling parcel of land only, with bulk of these demands coming from OFWs.

“Actually, when our people go overseas, many of our overseas Filipinos look for lots only because when they come home in

Manila, they want to build their homes themselves, that’s one; and number two, is also for their children -- investing for their children,” he said.

Meanwhile, SMDC will be launching 10 condominium projects this 2023 worth PHP80 billion.

“We normally roll them out as the sales dictate. For example, when sales are strong, if existing inventory is depleting, then, we can throw them out,” Banzon added. (PNA)

During summer, one of the biggest problems we face is water. There’s insufficient supply of water for bathing, cooking, and cleaning, among others. As the El Niño is fast approaching, a food crisis is at stake as crops would die without water. Some people may die as a result of heatstroke.

Once summer is over and the rainy season takes over, expect too much water. In Davao City, several busy streets would be under water. Some subdivisions would be flooded as the water from rivers overflowed.

It’s either too much water or none at all. That seems to be the gist of the post of former agriculture secretary Emmanuel Piñol in his social media account.

“For a country which literally is submerged in floodwater during the typhoon season, the Philippines is facing a major crisis which could impact on the lives of the next generation of Filipinos – the lack of water,” Piñol said.

You may find this absurd but that is the reality. More ridiculous is that no one, according to Piñol, is paying attention to the problem. “Sadder than this impending disaster is the fact